Welcome to Closing Bell, I'm Mike Santoli.

In for Scott Wopner, this make-or-break hour begins with a post-Powell puzzle.

The stock market wavering since the Fed shares midday comments highlighting a sturdy economy and saying policy is now properly restrictive but he

expressed uncertainty about how it might perform under ever higher bond yields.

The 10-year Treasury has been hesitating just shy of that 5% threshold all day keeping the

indexes off balance just about 499 right now short-term yields are lower

so-called steepening of the yield curve getting some investors a bit unnerved in the last hour or so.

The index though, supported by Netflix and Mega Cap Tech, Tesla's post earnings drop weighing

heavily on the S&P 500 down about 3 quarters of 1%, which brings us to our talk of the tape.

Should investors take hard and Powell's wait and see approach and are so far encouraging earnings outlook or are long-term yield flashing a yellow light for risk.

Let's ask Anastasia Amarosa, Chief Investment Officer at I Capital.

Joins me here at Post-9.

Good to see you.

Good to see Mike.

Plenty going on.

As we just kind of ran through the to see Mike. Plenty going on.

As we just kind of ran through, the bond market is still fixated on perhaps the supply of

treasuries at the long end, perhaps the lack of buyers that have shown up so far and it's

gotten people skittish. Is that really what's driving things right here? Can we get

some clearance from the bond market to refocus on earnings anytime soon.

Yeah, I mean unfortunately not yet or at least not today and you know if you think about what's driving these

yields I mean it's at least three or four different factors you know first of all you've got

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